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Publications (4)
Much of the research on the impact of fiscal policy shocks on macroeconomic outcomes (e.g., fiscal multipliers) uses reduced-form modelling approaches such as vector auto-regressions to obtain empirical results. In a recent study1, we used this approach to estimate fiscal multipliers for South...
Despite the frequent use of fiscal policy for stabilization purposes, there remains significant uncertainty regarding the impact of fiscal policy decisions on macroeconomic outcomes. This impact is quantified by calculating fiscal multipliers. A fiscal multiplier measures the impact of government’s...
– Global trends and data challenges
Inequality—both vertical (between individuals and households) and horizontal (between groups)—is a core concern in the 2030 Agenda for Sustainable Development. However, despite considerable attention to horizontal inequality in both research and policy, there are notable gaps and weaknesses in our...
– The challenge of industrialization
International goals and Africa’s aspirations The international community has a new set of development goals, and they reflect Africa’s aspirations much more closely than the Millennium Development Goals (MDGs) they replaced. Their single most important contribution is to recognize that sustainable...
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